Latest news
Global energy demand to rise 23% by 2045
Global demand for all forms of energy is forecast to rise by 23% through 2045, OPEC Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on Tuesday.
read more... 12/07/2023
Daily (18.01.2022): Brent oil reached its highest level since 2014 on Monday, lifted by supply disruptions and stronger demand
Oil prices strengthened on Monday, with Brent climbing to its highest in more than seven years, supported by a rise in demand and supply disruptions in Libya and Nigeria among others. Nevertheless, gains were limited by concerns over the Omicron variant. As such, Brent oil edged 0.5% higher at $86.48 a barrel and WTI crude increased by a mere 0.6% to $84.29 a barrel.
read more... 18/01/2022
Nigeria’s Lawsuits Against Shell Could Cause Oil Major Exodus
Judging from recent headlines, Nigeria has unleashed one of the most spectacular legal attacks on one of its key oil and gas investors, to an extent previously unseen in the country’s more than 60 years of hydrocarbon production.
read more... 11/03/2021
Total seeks to sell stake in major Nigerian offshore block
Total is seeking to sell its 12.5% stake in a major deepwater oilfield off the coast of Nigeria, industry and banking sources said, in an effort to adjust the energy company’s Africa portfolio amid a broad expansion.
read more... 07/11/2019
Aberdeen oil firm to be acquired for £382 million by Nigerian rival
Aberdeen-based Eland Oil & Gas is set to be acquired for £382 million by Nigerian oil firm Seplat.
read more... 15/10/2019